Performance Management Is A Organic Business Tool Essay

Performance Management Is A Organic Business Tool Essay

Length: 718 words (2.1 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

As a valued employee of Cumulus 1 (C1) Corporation I wanted to share a few outstanding concepts that I have learned recently through my master’s in business intelligence degree program. These concepts are useful as a small our executive to employee communication toolbox or as a business tactic with the potential to unite C1 employees behind our corporate strategy. Performance management is a organic business tool that utilizes the most powerful source of energy in the universe the innovation created through human intelligence, in real time.
Performance Management Fusion
Performance management primary function is simple but powerful. Performance management unlocks human intelligence through empowering all employees with the knowledge of how they are valued within the corporate strategy and what the corporate is. I know you are thinking of the town hall meetings, the lunch & learn, and the companywide training on customer service as C1’s primary focus. Did these excellent trainings inoculate the staff with knowledge to carry them through the year or are consistent booster shots needed to achieve optimal effect? Will each employee remember the training 365 days later? Performance management promotes employee outreach that becomes intrinsic and embedded within the daily function of every employee.


Why Performance Management
In the book Performance Management (Conkins, 2009, p. 12) identifies even major forces leading to corporate interest in performance management:
• Failure to execute the strategy - An employee is hired and trained to produce a product or service but in most situations not knowing how their job helps to implement corporate strategy. It is crucial for executive management to present the corporate strategy...


... middle of paper ...


...hboard showing company weekly progress or go full blown with a Balanced Scorecard and ABC accounting methods. Visual tools like dashboards can offer real time perspective of the employee performance, business unit performance and overall company performance empowering all stages to seek real time solutions.
Conclusion
Lastly, performance management does not seek to eliminate other business tactics such as Six Sigma, Quality or home grown tools like “serving those who serve” and C1 squared customer service initiative. Performance management‘s goal is to place these business tools in play daily to avoid impromptu meetings because production and/or motivation is down. As stated before, performance management is a organic business tool that utilizes the most powerful source of energy in the universe the innovation created through human intelligence, in real time.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Business Ethics and the Global Dimensions of Business Essay

- This essay will examine the possibility of XYZ Constructions, Incorporated expanding into the global market. In particular, the owners believe that Canada, Asia, and Mexico have niche markets and are the front-runners for expansion. Furthermore, the owners believe these markets will ultimately help increase their initial public offering (IPO) number because of the increased market penetration and market diversity associated with these markets. This essay will examine the issues present in the global market as it relates to ethics and social responsibility....   [tags: Business Ethics ]

Better Essays
2194 words (6.3 pages)

Business Managment: The Strategic Management process Essay

- Comment on the tools used to express strategic intent of each company. Over the last few decades business strategy has evolved substantially. Management of any business must constantly evaluate and analyze internal environment strength and weaknesses, and monitor external environment for threats and opportunities. Firms must define their positions and develop sustainable competitive advantages in the face of these competitive challenges and threats. (Casadesus-Masanell, R and Enric Ricart, J, 2010) It’s expected of management to consider these changes and adjust strategy as and when needed....   [tags: vision, mission, set of values]

Better Essays
2998 words (8.6 pages)

ING: A Business Model for the Asia/Pacific Region Essay

- As one company, ING started in 1991 due to a merger of a Dutch bank and a Dutch insurance agency. Since the merger, ING has experienced tremendous growth. One of the areas experiencing such growth is the Asia Pacific region. In 2002, ING promoted Jacques Kemp as the new Chief Executive Officer (CEO) of ING Asia Pacific. As Andreas Schotter indicates in the ING Insurance Asia/Pacific case study (2006), “Kemp was concerned that ING needed to prepare for the time when the general market growth in Asia slowed and the competitive pressure intensified” (p....   [tags: Business]

Better Essays
1131 words (3.2 pages)

The Importance of Focus in the Business World Essay

- Let’s say in today’s competitive surroundings, marketers are attracting more global dynamic, and consumer determined. Consumers are requesting more choice, with enhanced worth and service According to Treasy and Wiesema (1995) page 68, companies will do well to consider four market disciples. There are four fundamental service theory based upon levels of focus (market focused, service focused, market and service focused and lastly unfocused. This is where focussed service operation comes in. in this essay going to define and talk about focused service operations , and point up how the aim can be practical to get enhanced understanding and also on how to improve performance in service operat...   [tags: Business Administration]

Better Essays
2102 words (6 pages)

Essay about Characteristics of "Green Business"

- 1.-INTRODUCTION: Without doubt the XXI century has changed our priorities, especially when it comes to the way we do business. Popular sustainable business models, as advertised in the media, have evolved into much more than a moral obligation or an external requirement to generate money. Essentially, are forcing companies to reinvent the systems and approaches with which they generate value and profitability to the company. Important companies like Shell, DuPont, BP has been reorganised to generate profits from this green market of goods and services....   [tags: environment, business]

Better Essays
1515 words (4.3 pages)

Overview of Management-Kudler Fine Foods Essay

- Overview of Management-Kudler Fine Foods Kudler Fine Foods, a gourmet food store was founded by Kathy Kudler in 1998 with the vision to provide customers with a variety of quality products such as bakery, meat and seafood, cheese and dairy, wine, and produce with over 350 fresh fruits, vegetables, herbs and spices from all over the world. Kudler Fine Foods opened its first store at La Jolla, California and within five years of operations expanded to Del Mar in the year 2000 and Encinitas in the year 2003 all stores located in San Diego County, California....   [tags: Business Management ]

Free Essays
877 words (2.5 pages)

Environmental Influences On Business Enterprises Essay

- Problem Statement Peter owns a chain of health food stores in the United States. His store specializes in selling organically grown produce and health food to the local niche market. The entry of a new rival into the market has reduced the market dominance previously enjoyed by Peter’s company. The rival company, an established grocery store, is offering similar organic and health products. Relevant Facts Related to the Problem Some of the main factors for the decline in customers and sales are: Competition: Entry of the grocery store chain into the organic and health food market has made a cut into the customer base....   [tags: Business Analysis Management]

Free Essays
1010 words (2.9 pages)

Kudler Fine Foods Strategic Management Essay

- Introduction Kudler Fine Foods (KFF) has excellent reputation for providing fine-quality, unique and gourmet grocery in the San Diego metropolitan area, and its recent value-added programs, such as to include organic produce from a local grower to its product selection and expanded customer service by offering catering food service, have increase tremendous assessment to the company. However, in order to maintain its competitive edge in the fine food grocery industry, KFF must assess the business opportunities that are created by the change in technology, and KFF must also identify the generic strategies that it is pursuing and tactics that would make these strategies a realization....   [tags: Business Strategy Analysis Management]

Free Essays
1389 words (4 pages)

Operational Management Assignment : Kudler Fine Foods Essay

- Introduction Kudler Fine Foods is presented in the virtual organization portal of the University of Phoenix MBA 502 rEsource page (2008). Kudler fine foods is a specialty food store located in the San Diego metropolitan area. It is a one-stop food shop with the finest selection of very best foods and wines at reasonable prices. The shop offers wide range of products such as fresh bakery items, fresh produce, meat, seafood, condiments and packaged foods and specialty dairy products. Within five years Kudler Fine Foods company had expanded to three branches (University of Phoenix, 2008)....   [tags: Business Management Analysis ]

Free Essays
1395 words (4 pages)

Operations Management Essay

- Kudler Fine Foods is a local upscale specialty shop in the San Diego metropolitan area. Kudler provides gourmet foods, beverages and products designed for the gourmet cook at its three stores located in La Jolla, Del Mar and Encinitas and at reasonable price. The stores are stocked with the very best domestic and imported food available and are divided into the following departments: fresh bakery and pastries, fresh produce, fresh meat and seafood, condiments and packaged foods and cheese and specialty dairy products....   [tags: Business Management Analysis ]

Better Essays
1409 words (4 pages)